Estonia's tax revenues come in higher than expected

In 2021, a total of 8.96 billion euros was paid to the Estonia's Tax and Customs Board, which is 16.7 percent more than a year ago. The state budget forecast was exceeded by 17.6 percent and the summer economic forecast by 2 percent.

The sharp increase in tax revenue was due to the economic recovery from the Covid pandemic and the pre-crisis level was exceeded in most areas of activity already in the first half of last year, commented Rait Kiveste, an analyst at the Ministry of Finance's Fiscal Policy Department.